Snapchat about to go public

Wall Street told the People that Snapchat would make its debut in the market valued at $25 billion.

By Ian Marsh |
Nov 16, 2016

Snapchat has grown tremendously over the past few years. It offers a fresh look at social media, with an erasable feed that lasts 24 hours. Instagram has since followed this trend due to its enormous success. Snapchat has also ventured into other fields most notable the virtual reality field where they had made the biggest step forward.Wall Street told the People that Snapchat would make its debut in the market valued at $25 billion. At this trade, it will be credited as one of the biggest companies to make their debut at such a high valuation.It is only behind Alabama and Facebook at making such high valued entries into the stock market. "If Snap pursues an IPO at the currently expected valuation, it would still be the largest U.S.-listed technology offering since Chinese e-commerce company Alibaba Group Holding Ltd," said MAUREEN FARRELL from the Wall Street Journal. "An IPO, expected as early as March, could value Snap at between $20 billion and $25 billion."Many tech companies have crashed and burnt in the stock market, making many small yet successful companies fear this direction. But many investors hope that the success of Snapchat many entices other tech companies to go public.Many investors are hoping that Uber also follow suit and go public. The assumption is that Uber's valuation could be more than $50 billion. Bank investors are convinced that Uber will only go public if Snapchat is successful.

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